Our Licensing revenue in Q4 '15 was 39 million, 24% higher compared
with the same quarter last year (Q4 '14: 32 million). On a full year
basis, Licensing reported total revenue of 142 million, a 27% increase
compared with 112 million in 2014. The increase in revenue was driven
by the renewal and increased scope of existing contracts, addition of
new customers as well as a good progress made in the Geospatial segment.

In the quarter, we announced a new global, multi-year agreement with
Uber to provide our global maps and traffic products for their Uber
driver application.

Telematics

( in millions, unless stated otherwise)

Q4 '15¹

Q4 '14

y.o.y.change

FY '15¹

FY '14

y.o.y.change

Hardware and other services revenue 2

11.0

9.7

14%

37.2

34.6

7%

Subscription revenue

26.0

21.4

22%

97.8

75.6

29%

Total Telematics revenue

37.0

31.1

19%

135.0

110.2

22%

Telematics segment EBITDA

49.0

39.1

25%

EBITDA margin (%)

36%

35%

Telematics segment EBIT

39.7

33.8

17%

EBIT margin (%)

29%

31%

Monthly subscription ARPU ()

15.8

16.3

-3%

15.9

16.2

-2%

Subscriber installed base (# in thousands)

605

464

30%

Change percentages are based on non-rounded figures.

1 Q4 15 and FY 15 financial metrics and YoY
change percentages exclude Finder; the acquisition is effective as
of the end of December 2015.